Board of Selectmen

Joint Meeting

w/School Committee and Finance Committee

March 8, 2007

A joint meeting of the Board of Selectmen, School Committee, and Finance Committee was called to order by Vice-Chairman William Audette at 7:00 PM, Northbridge Town Hall, 7 Main Street, Whitinsville, MA. Present: Messrs. Davis, Audette, and Marzec. Chairman Charles Ampagoomian, Jr. was absent and it is duly recorded. Also Present: Theodore D. Kozak, Town Manager; School Committee Members: Chairman Carroll Paine, Donald Lange, Karen Peterson, Paula Grabowski, Leeann Hansson, and Kris Burns. Also Present: Paul Soojian, Superintendent. Finance Committee Members: Mary Frances Powers, Chairman, Mary Thompson, Plato Adams, Salvatore D’amato, James Barron, and Andrew Todd.

Vice-Chairman William Audette turned the meeting over to Town Manager Kozak.

Prior to his presentation, the Town Manager provided a handout to those present [prepared by the Financial Team] and indicated that his goal was to show what the Town will have for FY 08 revenues and where we are currently.

Mr. Kozak stated that the Selectmen could discuss the possibility of having an override at a later meeting.

With that said, the Town Manager continued with his presentation on Town finances. He explained that the worksheet consisted of miscellaneous information including a forecast of revenues, actual FY 07 figures [after December Town Meeting] FY 08 requests, and FY 08 recommendations.

Similarly, Superintendent Soojian reviewed the School’s financial information and noted that under the circumstances [estimated shortfall of $7M], there would be a devastating impact upon the Northbridge School Department.

The information is attached hereto.

Respectfully submitted,

James R. Marzec, Clerk